Economic Update with Richard D. Wolff cover image

Inflation - How Markets Fail

Economic Update with Richard D. Wolff

00:00

The Market Is a False Guard

The government issued ration cards. People in washington understood, if we did that, rich people would be able to get through the war very comfortably and everybody else wouldn't. So we wouldn't have a free market. A market is a human institution. It's important to understand those weaknesses so that we don't get bamboozled by right winged folks who want us to bend over and pray to the market. We were warned not to let false gods lead us into idolatry.

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